Results 14,841-14,860 of 34,135 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (1 Oct 2019)

Paschal Donohoe: My Department has in place published guidelines for the evaluation of potential tax expenditures in October 2014 ().  Drawing on economic evidence, these make clear that it is important that any policy proposal which involves tax expenditures should only occur in limited circumstances where there are demonstrable market failures and where a tax-based incentive is more efficient than...

Written Answers — Department of Finance: Departmental Policy Functions (1 Oct 2019)

Paschal Donohoe: The public finances continue to improve with a general government surplus recorded last year for the first time since 2007. At the same time, the strong economic performance in recent years has also seen the debt-to-income ratio fall significantly. Balancing the books is a meaningful signal of an economy moving into a more mature, sustainable phase. That said, despite the very significant...

Written Answers — Department of Finance: Commission on Taxation Report (1 Oct 2019)

Paschal Donohoe: The Commission on Taxation was established by the then Minister for Finance on 14 February 2008. The terms of reference of the Commission were quite broad. It was asked in the context of maintaining an equitable incidence of taxation and a strong economy, to consider the structure of the taxation system and specifically to: - Consider how best the tax system can support economic activity and...

Written Answers — Department of Finance: Insurance Compensation Fund (1 Oct 2019)

Paschal Donohoe: Setanta Insurance ("Setanta") was placed into liquidation by the Malta Financial Services Authority on 30 April 2014.  As it was a Maltese incorporated company, the liquidation is being carried out under Maltese law. I am very conscious of the effect of the delays in the payment of compensation to Setanta claimants, and this is one of the reasons why we brought forward the Insurance...

Written Answers — Department of Finance: Brexit Issues (1 Oct 2019)

Paschal Donohoe: I am assuming that the Deputy, when referring to solid fuel smuggling, is enquiring about the movement of solid fuel into the State from Northern Ireland in the context of Solid Fuel Carbon Tax (SFCT). SFCT is an excise duty that applies to coal and peat when first supplied in the State for use as a fuel. Neither the movement of solid fuel into the State nor the physical presence of solid...

Written Answers — Department of Finance: Customs and Excise Controls (1 Oct 2019)

Paschal Donohoe: The Government has been clear that it is determined in the context of Brexit, deal or 'no deal', to avoid a hard border on the island of Ireland. The Deputy will be aware that given the approaching Brexit deadline, intensive discussions are taking place involving the Government, the EU Commission and our EU partners as to how we can meet the shared twin objectives of protecting the Single...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (1 Oct 2019)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT (up to a certain limit) on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, payment of a Fuel Grant, and an exemption from Motor Tax.  To qualify for the Scheme an applicant must be in possession of a Primary Medical...

Written Answers — Department of Finance: Tax Collection (1 Oct 2019)

Paschal Donohoe: In advance of the Budget, as Minister for Finance I receive a large number of pre-budget submissions on a wide range of issues.  In addition to written formal submissions, I also have ongoing discussions with my cabinet colleagues around estimates and budgetary issues.

Written Answers — Department of Finance: Excise Duties (1 Oct 2019)

Paschal Donohoe: Ireland’s excise duty treatment of fuel used for air navigation is based on European law as set out in Directive 2003/96/EC on the taxation of energy products and electricity, commonly known as the Energy Tax Directive. Under this Directive, Member States are obliged to exempt certain fuels used for commercial aviation purposes from excise duty. The scope of this exemption must include...

Written Answers — Department of Finance: Brexit Issues (1 Oct 2019)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Brexit Issues (1 Oct 2019)

Paschal Donohoe: The briefing notes in question were drafted both before and during the passage of the National Surplus (Reserve Fund for Exceptional Contingencies) Bill through the Oireachtas and so at those times, Government was working to achieve the best Brexit solution, while also preparing for a no-deal scenario.  The Government's preparations included the Brexit...

Written Answers — Department of Finance: Tax Data (1 Oct 2019)

Paschal Donohoe: I am advised by Revenue that information is not available in tax returns in respect of holding periods of shares or of the dividends received by those in receipt of the Entrepreneur Relief. As such, it is not possible for Revenue to provide me with an accurate estimate of the cost of the Deputy's proposal. 

Written Answers — Department of Finance: Tax Reliefs Costs (1 Oct 2019)

Paschal Donohoe: I propose to take Questions Nos. 143 and 144 together. Regarding Question No. 143, on the basis of claims in respect of research and development tax credit for 2017, the latest year available, the estimated cost of increasing the credit rate from 25% to 30% for SMEs is up to c.€27 million in a full year and c.€16m in the first year. However it is possible that the cost could...

Written Answers — Department of Finance: Central Bank of Ireland (1 Oct 2019)

Paschal Donohoe: My officials meet with officials from the Central Bank on a regular basis to discuss the funding of financial services regulation by industry, while also ensuring that the commitment to transparency on the cost of regulation is met.  Agreed recommendations from these meetings are submitted to me as Minister for my review and agreement. In 2015, a joint...

Written Answers — Department of Finance: Budget 2020 (1 Oct 2019)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Budget 2020 (1 Oct 2019)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Budget 2020 (1 Oct 2019)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Property Tax Administration (1 Oct 2019)

Paschal Donohoe: The Deputy has raised several issues in his question concerning the answer I supplied to PQ No. 55 of 19 September 2019 about surcharges for those self-employed who fail to make a local property tax return or pay their LPT. As I set out in that response, as with other taxes and duties, penalties can be imposed for various offences such as failure to submit returns or other...

Written Answers — Department of Finance: Property Tax Data (1 Oct 2019)

Paschal Donohoe: I am advised by Revenue that surcharges have been raised in just over 62,000 cases since LPT commenced, of which approximately 70% were mitigated following remedial action by the property owners. The total amount surcharged to date is €5.5m, including in respect of arrears of Household Charge (HHC). The year by year breakdown between Income Tax (IT), Corporation Tax (CT) and Capital...

Written Answers — Department of Finance: Capital Expenditure Programme (1 Oct 2019)

Paschal Donohoe: I can confirm that my Department has had no contracts with a value in excess of €10 million or more since 1 January 2014 up to and including today's date.  There are 17 bodies under the aegis of my Department, 15 of which had no capital expenditure project completed since 1 January 2014 and which ended up costing €10 million or more. These are the Office...